218 QUEEN STREET, Chatham
218 QUEEN STREET, Chatham, ON N7M2H1
$495,000 total
3,000 SF
Asset Class
Industrial
Size
3,000 SF
Building class
A
Zoning
IB — Industrial Business
$ / SF
$165
Occupancy
89%
Year Built
1950
Clear height
22 ft
Loading docks
11
About this property
FULLY LEASED COMMERCIAL BUILDING CLOSE TO DOWNTOWN . THERE IS APPROX. 900 SQUARE FT OF RETAIL ON MAIN FLOOR CURRENTLY VACANT. THERE IS 2 UPPER APARTMENT RENTED . AND 1 RESIDENTIAL APARTMENTS AT BACK ON MAIN FLOOR BOTH ARE RENTED. THE BUILDING. THIS BUILDING COLLECTS $ 4,400.00 PER MONTH GROSS INCOME. 48 HRS NOTICE FOR SHOWINGS.CALL FOR YOUR PERSONAL SHOWING. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$22K
Annual cash flow
$-5K
Cash-on-cash
-3.42%
DSCR
0.81
Going-in cap
4.52%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 2,670 SF | 2033-04 |
Area demographics
Trade area within 3 miles of the property.
Population
61,528
Households
27,981
Median income
$91,000
Median age
45.9
Daytime population
63,773
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 218 QUEEN STREET, Chatham.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.